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Consumer & Retail

Roadside Real Estate has acquired Hoch Group

June 2026 — Roadside Real Estate plc has acquired Hoch Group Ltd. for US$37.8 million, marking a significant milestone in Roadside’s buy-and-build strategy in the UK energy forecourt sector. The acquisition adds 12 premium forecourt sites and a convenience store, expanding the group’s portfolio to 20 operational locations across strategically clustered regions in Northwest England

Roadside is a London-listed business focused on acquiring, owning and operating multi-fuel roadside destinations with place-based retail infrastructure. The company focuses on acquiring and developing sites where it can deliver its convenience offering to consumers. Its 20 sites feature a mix of drive-through facilities, trade counters, convenience food, leisure, self-storage, last-mile logistics, petrol filling stations and ultra-fast electric vehicle (EV) charging facilities.

The Hoch Group portfolio comprises 12 premium-quality operational petrol filling stations and a standalone convenience store. The Hills-branded sites are mainly located in Cumbria, UK, including Corby Hill, Coniston, Carlisle, Whitehaven, Ambleside, Penrith, Workington and Stainburn, and generated approximately 41 million liters of fuel sales based on FY25 figures.

Our role in the transaction

Oaklins Cavendish, one of Oaklins’ member firms in the UK, supported Roadside across the full range of its corporate activity over six months. On the acquisition side, the team advised on four transactions, including the acquisition of Hoch Group and a further freehold petrol filling station, with a combined value of approximately US$82.9 million. Alongside this, Oaklins Cavendish raised around US$28 million in new equity and its debt advisory team arranged approximately US$47 million of new facilities, including a US$34 million HSBC revolving credit facility with a US$13.5 million accordion, providing the funding structure to support the next phase of growth.

Parties
“The Gardner acquisition marked the first significant milestone in our UK energy forecourt roll-up strategy and has been quickly followed by further transactions, including D.A. Roberts and Hoch Group, as we build momentum in the sector. Over the past six months, Oaklins Cavendish has supported Roadside across the full range of its corporate activity, culminating in advising the group on our US$28 million equity raise and supporting us in securing US$47 million of new debt facilities, which provided both funding for these transactions and capacity for future growth. Through the fundraising, we are delighted to have welcomed new shareholders and remain grateful for the continued support of our existing investors as we advance this strategy.”

Charles Dickson

CEO, Roadside Real Estate plc

Talk to the deal team

Matt Goode

Director
London, United Kingdom
Oaklins Cavendish

Alistair Hay

Partner
London, United Kingdom
Oaklins Cavendish

Krishan Raval

Director
London, United Kingdom
Oaklins Cavendish

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